Deutsche Bank sees higher UK annual growth forecasts after July GDP
Deutsche Bank’s Sanjay Raja said UK annual growth forecasts are likely to be revised upwards following stronger July GDP. July annual GDP grew 1.6%, above a WSJ survey consensus of 1.1%.
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09:56:20 AM UTC
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The major beat to U.K. GDP growth expectations increases the risk of a Bank of England interest-rate hike, Berenberg's Andrew Wishart says in a note. Against the pattern of recent years, GDP growth retained momentum into the second half of the year, rising 0.4% in July. However, it also hints that…
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